Money & Banking Test Quiz 1 Started 4/28/15 6:52 PM Submitted 4/28/15 8:37 PM Status Completed Attempt Score 30 out of 30 points Time Elapsed 1 hour, 44 minutes out of 2 hours. Instructions This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 1. The second 15 questions cover the material in Chapter 2. Be sure you are in the correct Chapter when you take the quiz. Question 1 1 out of 1 points Americans should not worry about all the dollars held by foreigners because Answer Selected Answer: taxes are lower as a result. Correct Answer: taxes are lower as a result. Question 2 1 out of 1 points A financial policymaker not mentioned in Chapter 1 is the Answer
Selected Answer: Consumer Financial Protection Bureau (CFPB). Correct Answer: Consumer Financial Protection Bureau (CFPB). Question 3 1 out of 1 points During the 2000s, banks became complacent about making mortgage loans because Answer Selected Answer: the banks counted on housing prices to keep appreciating. Correct Answer: the banks counted on housing prices to keep appreciating. Question 4 1 out of 1 points The simple equation that can be used to predict how the Federal Reserve will change interest rates is known as Answer Selected Answer: the Taylor rule. Correct Answer: the Taylor rule. Question 5 1 out of 1 points
The policymaking institution that determines the money supply, sets the rules for how checks are cleared and how banks obtain new currency, and determines what activities banks may or may not engage in and whether banks are operating in a prudent fashion is the Answer
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